Pet Insurance

By July 16, 2013Uncategorized

There are many choices out there for pet insurance.  Here are some tips to simplify your decision:

DO

  • Research pet health insurance policies before or soon after you obtain a pet.
  • Enroll your pet when healthy.
  • Ask your veterinarian which illnesses are most likely to affect pets like yours – and investigate coverage for those ailments.
  • Ask your veterinarian, hospital staff and friends for pet health insurance company recommendations.
  • Compare policies offered by at least three different companies.
  • Make sure you understand how the policies will calculate reimbursement of benefits.
  • Ask how often your premium will change and why.
  • Ask how much your premium will be in the future.
  • Ask how long the company has been in business.
  • Ask if the numbers of claims submitted affects your premium.
  • Choose the deductible and required co-payment you can afford.
  • Visit independent websites with customer reviews of providers and policies.
  • Visit each company’s Facebook page to see what comments their policyholders are posting.

DON’T

  • Wait to get a policy until your pet needs medical care.  Pet insurance policies will not cover pre-existing conditions.
  • Make a decision solely on advertising.  Read the fine print on how the policy actually works.
  • Base your purchase decision on cost alone.  A low premium now may not provide enough benefits when needed later, while a higher premium may be affordable now, but may become too costly to keep in the future.

For a comparison of the most common pet insurance companies please click on this pdf link.  http://veterinarybusiness.dvm360.com/vetec/data/articlestandard//vetec/122013/808464/article.pdf#page=1&zoom=150,0,761

 

 

 

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